Fedenia Advisers LLC Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Fedenia Advisers LLC grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 232.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,119 shares of the business services provider's stock after purchasing an additional 782 shares during the period. Fedenia Advisers LLC's holdings in S&P Global were worth $569,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SPGI. Geode Capital Management LLC raised its position in S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after purchasing an additional 116,208 shares in the last quarter. Norges Bank purchased a new stake in S&P Global in the fourth quarter worth approximately $1,725,084,000. Northern Trust Corp grew its stake in shares of S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after buying an additional 525,347 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after acquiring an additional 357,790 shares during the period. Finally, Amundi increased its stake in S&P Global by 6.6% in the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after purchasing an additional 145,434 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.7%

SPGI stock traded down $3.64 during midday trading on Wednesday, hitting $525.68. The company's stock had a trading volume of 917,676 shares, compared to its average volume of 1,231,011. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. The firm's 50-day moving average is $509.23 and its 200-day moving average is $503.75. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $161.23 billion, a PE ratio of 41.29, a P/E/G ratio of 2.57 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the business posted $4.01 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's payout ratio is currently 30.16%.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on SPGI. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Oppenheimer upped their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday. Robert W. Baird decreased their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and an average target price of $593.57.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.